Pandharpur Bank Indapur Pune Maharashtra MICR CODE

Find MICR Codes for Pandharpur Bank Indapur Pune Maharashtra

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MICR Code
Bank The Pandharpur Urban Coop Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indapur
Contact 223511
Bank Details The Pandharpur Urban Coop Bank Ltd Indapur PUCB0000026
Location Indapur, Pune
City Indapur
District Pune
State Maharashtra
Pincode 413106
Country IN
Address C.s no.4041,sariabai complex,venketesh nagar,baba chowk,indapur dist.pune 413306
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 413588505 for Indapur branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 413588505 of Pandharpur Urban Bank, Indapur branch makes the system almost error free and faster. Use of Pandharpur Urban Bank MICR codes for Indapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Pandharpur Urban Coop Bank Ltd are available with micr code -

>>Indapur

MICR code for Pandharpur Bank Indapur

Pandharpur Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Pandharpur Urban Bank MICR code for Indapur is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 413588505 is the MICR code of Pandharpur Urban Coop Bank for Indapur branch. MICR code for Indapur branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Pandharpur Urban Bank Indapur is presented in the table alongside.

Use of Pandharpur Urban Bank MICR code for Indapur branch in indapur

The MICR code 413588505 is used in RBI cheque clearing process to identify the branch Indapur and Pandharpur Urban Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Pandharpur Urban Coop Bank is typically in either of these two font’s: E-138 and CMC-7.

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